Mars Wrigley has unveiled a transformative $33 million investment in its Kenyan operations, launching a state-of-the-art sugar-free gum production line at its Athi River facility that marks a strategic break from the confectionery giant’s long-standing reliance on European manufacturing. The Sh4.3 billion commitment over the next three years represents a significant vote of confidence in […]
The European Commission has announced plans to provide financial assistance in 2026 to Baltic countries and Finland that have suffered collateral economic damage from the European Union’s extensive sanctions regime against Russia. The initiative, led by Regional Commissioner Raffaele Fitto, aims to revitalize economies that have been particularly hard hit by the downturn in tourism […]
The Bank of Ghana has implemented its third consecutive aggressive interest rate reduction, lowering the monetary policy rate by 350 basis points from 21.5 percent to 18 percent following the conclusion of the central bank’s 127th Monetary Policy Committee meeting on November 26, 2025. This decisive monetary easing marks a pivotal moment in Ghana’s economic […]
Kenya Power has launched a nationwide deployment of Optical Character Recognition (OCR) technology to revolutionize how the utility reads electricity meters and generates bills for its 1.8 million postpaid customers. The automated system, which allows meter readers to scan meter displays instead of manually keying in readings, represents a major milestone in the company’s ongoing […]
Sweet-toothed consumers across the United Kingdom face paying substantially more for bottled milkshakes and ready-to-drink lattes after the government confirmed ambitious plans for a significantly tougher sugar tax regime. Health Secretary Wes Streeting announced the expansion on November 25, 2025, declaring that the government “will not look away as children get unhealthier” amid rising obesity […]
Angolan President João Lourenço delivered a forceful call for sweeping reforms to the global financial system during the seventh African Union-European Union summit in Luanda, warning that Africa’s development ambitions are being “stifled by unsustainable debt.” As current chair of the African Union, Lourenço’s remarks underscore the escalating urgency of a debt crisis that now […]
President William Ruto and Malaysian Prime Minister Dato’ Seri Anwar Ibrahim formalized a comprehensive bilateral partnership on Monday, November 24, 2025, at State House in Nairobi, marking a significant milestone in Kenya-Malaysia relations and opening substantial new economic opportunities for Kenyan agricultural exporters. The agreements reached during the high-level talks encompass trade liberalization, technology transfer, […]
The long-awaited September employment report released by the Bureau of Labor Statistics on Thursday offered a complex and somewhat contradictory picture of the United States labor market, revealing underlying tensions between job creation momentum and rising unemployment levels. The report, delayed for seven weeks due to the historic government shutdown, showed the economy added 119,000 […]
The International Monetary Fund has projected that Ethiopia’s economy will expand by 7.2 percent in 2025, positioning the East African nation among sub-Saharan Africa’s fastest-growing economies despite ongoing regional and global economic headwinds. This robust growth forecast reflects the country’s aggressive pursuit of structural reforms, successful debt restructuring efforts, and diversification initiatives aimed at building […]
The World Bank has revised Kenya’s economic growth projection for 2025 upward to nearly 5 percent, citing encouraging signs of recovery in the construction sector across East Africa’s largest economy. This upward revision, announced on Monday, November 24, 2025, represents a significant boost to Kenya’s economic outlook and reflects improving conditions in key industries that […]
The African Development Bank Group's Board of Directors has approved a $16.5 million loan in November 2025 to support the...
India's largest refiner has executed a strategic pivot in its crude oil sourcing strategy, purchasing approximately 7 million barrels of...
Nigerian President Bola Tinubu has approved targeted, investment-linked incentives to support Shell's proposed Bonga South West deepwater oil project, following...
Kenya's cooperative financial sector continues to serve as a critical conduit for international development financing, with Siraji Savings and Credit...
